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Determine part of the return due to change in stock price

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Question - Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 8,000 euros to buy Microsoft shares for $291 per share; the exchange rate was $1.11 per euro. You sold the stock for $291 per share and converted the dollar proceeds into euro at the exchange rate of $1.16 per euro. Determine the part of the return due to the change in stock price?

Reference no: EM133042355

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